No one knows a person’s age. You may die not because of illness, but because of an accident while traveling. The best insurance also will provide from spadegaming slot. The crash of the plane or the sinking of the ship you are traveling in is a signal for those who should make you realize how important the function of insurance is.
The main function of insurance is to minimize or bear risks related to conditions that you may experience in the future. These risks can come from anywhere and in any form. One of them is an accident that results in death or physical disability that occurs on your trip.
Therefore, it becomes very important to have insurance that specifically addresses the various risks of your trip. In Indonesia, the issue of travel insurance has not been highlighted too much. However, in countries such as Europe and America, travel insurance is a mandatory item owned by travelers or people who stop by countries on both continents.
Travel Insurance Benefits
Just like insurance functions in general, travel insurance is very important to minimize the various risks that may occur on your trip when taking public transportation, such as planes, ships, or trains. However, don’t think that travel insurance only offers accidental death compensation.
Travel insurance benefits go beyond just providing death compensation to the bereaved family. At least, there are three main benefits offered by this type of insurance.
1. Medically Protect
No one likes to fall sick, especially when they are on a trip or vacation. Not only does it ruin your trip, illness can also drain your wallet. For example, if you are sick while traveling abroad, can you imagine how much it will cost you to consult and go to the doctor and buy the medicine?
The main function of travel insurance is to provide medical protection. For this reason, many countries require tourists who visit their country to have travel insurance so that there is no difficulty if they suddenly fall ill while on vacation. Medical protection which is the benefit of travel insurance, including medical expenses and cash compensation for hospitalization for the travel insurance participants.
2. Giving Accident Compensation
Several plane accidents that have occurred in recent years have made more and more people assess the importance of the function of travel insurance. By becoming a participant in travel insurance, you can get guaranteed compensation in the event of an accident related to the mode of transportation used in the trip.
For example when buying travel insurance when booking a plane ticket. The insurance company will provide compensation if your plane has an accident.
Compensation will be given in two main conditions. First, there is personal accident compensation that is given if you are injured, injured, or permanently disabled during the trip you take. The amount varies according to the agreement between the insurance company and the policyholder.
Then the second, there is cash compensation to the family of the policy participant if an accident on the trip causes death. In addition, policy participants will receive insurance for emergency evacuation and repatriation costs if an accident occurs.
3. Compensate for Discomfort
Trouble on the road isn’t just an accident. Things can also happen that make your travel activities annoying and uncomfortable. For these things, travel insurance can provide compensation. At least, there are three types of inconvenience in travel that can be compensated by the insurance company.
The first is the inconvenience caused by losing your luggage or baggage, especially if you are an airplane passenger. Second, related to inconvenience due to delays in departure or time to arrive at the destination.
Finally, the inconvenience that arises due to trip cancellations. The insurance company will generally provide compensation in the form of money and certainty for you to be able to resume your journey more comfortably.
A Peek at Travel Insurance Jobs
You are probably currently thinking about how travel insurance works and how you can get coverage if you have this type of insurance policy. Like insurance functions in general, you must be an insurance participant if you want to get protection from an insurance company. Later, your premium money will be managed and invested by the insurance company in order to later be able to cope with risk costs that may occur according to the agreement in the policy.
No different from other types of insurance, you have to submit a claim if you want to get coverage from the travel insurance that you follow. So if you feel you have suffered a loss due to travel, immediately report it to the insurance.
Reporting must be done immediately because travel insurance generally has a shorter claim report expiration than other types of insurance. Make sure you check the expiry date of travel insurance in the section of the insurance policy that you have purchased.
In reporting a loss, you must complete the necessary documents and provide a detailed explanation of the loss you have experienced. Documents that must be prepared for reporting losses include travel tickets, identity cards, passports if you are traveling abroad, and a completed claim form.
Describe the loss you experienced in detail on the claim form. You should describe the chronology of the travel conditions that you experienced until it finally caused a loss, either due to an accident or inconvenience due to loss of goods or trip cancellation.
The insurance company will check the completeness of the documents and the chronological fairness that you tell. The cost of coverage will be given if the insurance does not find any irregularities in the documents and reports.
Especially for the disbursement of funds that lead to the function of travel insurance as medical protection, generally there are two schemes used by insurance companies. The first scheme, you only have to show the insurance policy to the hospital at the place of travel if you are sick in a certain city or country.
The second scheme, insurance companies use a reimbursement system where you pay for medical treatment yourself in advance; just filed a claim at the place where you purchased the travel insurance policy.
Regarding death compensation, generally the insurance company will provide compensation according to the passenger data in accordance with the policy data. The death benefit will be given directly to the family who are the heirs of the insurance participant who died on the way.
When to Buy?
According to the name and function of travel insurance, you should buy this insurance product every time you want to travel out of town or abroad. In general, you can purchase a travel insurance policy at least 7 days before the participant buys a ticket or travels. However, in some cases of overseas travel, some countries may even ask you to purchase a travel insurance policy before applying for a visa.
You can also adjust it to the travel insurance model you choose. Single trip travel insurance must be purchased every time you want to travel because it has a maximum guarantee period of 180 days of travel. However, if you become an annual travel insurance participant, you can travel freely throughout the year without having to buy an insurance policy every time you want to travel. However, there is a limit of travel dependent days in this travel insurance model, which is only 90 days of travel for a period of one year.
During this pandemic, travel insurance in general cannot handle all your needs. The reason is, there is also a possibility that you are exposed to COVID-19, the costs and compensation for the disease have not been covered by travel insurance on average.
In order to anticipate the possible risk of being exposed to COVID-19 while traveling, you should also prepare insurance to protect yourself from COVID-19. PFI Mega Life has a Mega Personal Accident product that can provide compensation to your family if you die due to COVID-19.